StockNews.com Initiates Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note released on Tuesday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ:CMCT opened at $4.49 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a twelve month low of $4.28 and a twelve month high of $899.21. The company’s 50 day moving average is $11.25 and its 200 day moving average is $49.27. The company has a market cap of $2.38 million, a PE ratio of -0.16 and a beta of 0.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($18.75) earnings per share for the quarter. The firm had revenue of $27.46 million for the quarter. During the same period last year, the company earned ($166.50) EPS. On average, sell-side analysts forecast that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its position in Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 51,766 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Creative Media & Community Trust Co. by 658.0% during the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 118,275 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 109,425 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter worth $49,000. Finally, XTX Topco Ltd purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter worth $84,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.